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People's United downgraded on lending, capital
2015-01-31 06:59:39| Paper - Topix.net
Shares of People's United Financial dropped only slightly following a Fitch Ratings downgrade of its debt on questions about elevated commercial lending, capital ratios and slimmer profits. People's United is the largest bank doing business in Fairfield County as ranked by local deposits, holding a 21 percent market share as of June 2014, according to the Federal Deposit Insurance Corp., with Bank of America a distant second with 13 percent of deposits here.
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